Nainital Bank Exam

Nainital Bank Limited, a wholly-owned subsidiary of the Bank of Baroda, was founded in the year 1922 to provide convenient banking services to the country’s population. Currently, the bank has more than one hundred and sixty (160) branches across the nation spread across five (5) states, i.e., Delhi, Rajasthan, Haryana, Uttarakhand, and Uttar Pradesh. Given the widespread nature of the bank’s operations, it is in constant need of a competent and qualified workforce. Accordingly, Nainital Bank Limited conducts recruitment examinations for filing eligible posts. In this blog, we will be discussing the Nainital Bank exam process as well as other relevant details associated with the examination. 

Particulars	Relevant details
Conducting Body	National Bank Limited
Frequency of exam	Once a year
Application process	Online
Official website	www.nainitalbank.co.in
Mode of examination	Online at designated venues
Language	English
Levels	Two (2) – Examination and interview/document verification

Important Dates for Nainital Bank Exam 2023

The relevant dates for the upcoming Nainital Bank exam for the year 2023 are yet to be notified. We urge you to keep an eye on this space for more information. 

Eligibility Criteria for Nainital Bank Exam

Nainital Bank Limited historically invites applications for suitable candidates for the posts of Probationary Officers and Clerks. The eligibility criteria for these posts are discussed below:-

Post	Eligibility criteria
Clerks	Bachelor or post-graduate degree with at least a score of forty-five (45) percent from a perceived institute/university Basic knowledge of PC applications
Probationary Officers	Bachelor or post-graduate degree with at least a score of fifty (50) percent from a perceived institute/university Essential information on PC applications is expected

It is also pertinent to mention here that candidates possessing one (1) or two (2) years of relevant experience in the banking or monetary sector will be given due preference. 

Registration Process for The Nainital Bank Exam

The application process is online and candidates need to visit the official website and fill in the required details to generate a registration ID and password. 

Fees for Nainital Bank Exam

The fee schedule for the exam is stated below:-

Post	Fee*
Clerk	INR 1500
Probationary Officer	INR 1500

* Inclusive of GST.  

Syllabus for Nainital Bank Written Exam

The detailed syllabus for the Nainital Bank exam is discussed below. Notwithstanding the syllabus, it is vital that candidates also keep themselves updated on the latest developments in the banking and finance sector to have a better chance at clearing the exam.

Subject	Weightage	Topics*
Reasoning	40 marks	Numbers, Rankings, Time sequences, Coding-decoding, Venn diagrams, Analogy, Statement-argument, Puzzles
English comprehension	40 marks	Reading comprehension, Jumbled sentences, Alliterations, Metaphors, Similies, Oxymorons, Prefix and suffix, Error spotting, Active and passive voice, Tenses
General Awareness	40 marks	Abbreviations, Current events and affairs Economic, news, Banking news, Sports, History, Indian Constitution
Quantitative Aptitude	40 marks	Trigonometry, Time and work Mensuration, Simple and compound interest, Data interpretation, Profit and loss percentage, Number series, Probability
Computer knowledge	40 marks	Computer hardware, Computer software,MS Word, MS Excel, MS PowerPoint, Internet usage

*This list is not exhaustive.

Once the candidate clears the written examination, there will be a personal interview. After the personal interview, the list of selected candidates will be intimated. 

Also Read: IBPS PO

Exam Pattern for Nainital Bank Exam

The exam pattern is discussed below:-

Particulars	Details
Duration of exam	One hundred and forty-five (145) minutes
Language of exam	English
Type	MCQ
Total questions	200
Total marks	200
Negative marking	Yes. One-fourth of marks will be deducted for every incorrect answer.

Recommended Books for Preparation

Keeping in mind the syllabus and the large number of topics involved, here is a list of recommended books that would help you prepare better and ace the exam:

Topics	Name of the book and author
Reasoning	A modern approach to logical reasoning by R.S. Aggarwal
General/computer awareness	Lucent G.K. by Dr. Binay Karna and Manwendra Mukul
English	High school English grammar by Wren & Martin
Quantitative aptitude	Fast track objective arithmetic by Rajesh Verma

However, given the vast syllabus, candidates should do their research and find additional literature best suited for their preparation. 

Salary and Benefits

Candidates who clear both the written examination and the interview will then be selected for the post of Probationary Officer or Clerk. The below table illustrates the average Cost to Company (CTC) for both of these posts:

Post	Average Cost to Company
Probationary Officer	INR 7 Lakhs per annum
Clerk	INR 3.70 Lakhs per annum

Also Read: A Guide On How to Prepare for Bank Exams

Nainital Bank Exam – Indemnity Bond

It is crucial for the candidates to keep in mind that, once selected, they will be required to sign an indemnity bond for a designated time frame with the employer. The bond details are illustrated below:-

Post	Bond amount	Time period
Probationary Officer	INR 3 Lakhs	2 years
Clerk	INR 1 Lakh

Preparation Tips 

A well-thought-out strategy and its implementation is often the key to success in competitive exams. Candidates must have a clear understanding of their objectives so that they can work towards the same. Here are a few tips for candidates preparing for the AML KYC exam:-

• Be thorough with the syllabus and try not to keep any parts of the syllabus unfinished or untouched.

• Stay updated with the latest developments in the relevant field to gain an edge over the competition. 

• Attempt previous examination papers to gain insight into your preparation.

• For the interview, if selected, follow a formal dress code. 

Also Read: SBI Clerk Exam

FAQs

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